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351 N 6TH ST Reading, PA 19601
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Key Details
Sold Price $125,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1003328455
Sold Date 06/29/16
HOA Y/N N
Originating Board TREND
Year Built 1903
Annual Tax Amount $2,748
Tax Year 2016
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 0 X 0
Property Description
Large Corner Property offers great exposure...featuring 4 fully rented apartments and a first floor laundromat (including all equipment). Excellent cash flow and easy to maintain. Laundromat doors are on a timer which opens and closes automatically. Apartment rents total $2000/mo and laundromat income is averaging $2900/month. Expenses average $1200-$1500/month. This is a money maker. Out of town owner has other interests. All equipment included in the sale.. 4 apartments rent easily...you don't have to worry about vacancies! Tenants pay electric, phone and cable. New roof and furnace in 2009. Needs some TLC but priced accordingly and selling as-is. Passed code and permit inspection for 2014. Owner requests that all prospects drive-by and tour laundromat before requesting showings on apartments. 24 hour notice required for apartments. Hours of laundromat: 7am-10pm Owner is a licensed PA realtor.
Location
State PA
County Berks
Area Reading City (10201)
Zoning R008
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Flooring Vinyl
Fireplace N
Heat Source Oil
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available
Water Access N
Roof Type Shingle
Accessibility None
Road Frontage Boro/Township
Garage N
Building
Building Description Other, Ceiling Fans,Display Window
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Other
New Construction N
Schools
School District Reading
Others
Tax ID 07-5307-75-82-4494
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Amy Dettore • BHHS Fox & Roach-Kennett Sq